Passengers flying direct from Dubai and Turkey to the United States may soon be able to take their laptops on board again.
In March, the U.S. banned electronics devices larger than a smartphone from the cabin on several airlines flying from the Middle East, because it was worried they could be used to smuggle explosives on board.
Last week, the Department for Homeland Security (DHS) lifted the ban for Abu Dhabi’s Etihad Airways because it had put additional security measures in place. Emirates and Turkish Airlines are next in line.
“Turkish Airways and Emirates Airline have initiated the process for lifting the ban by alerting the [Transportation Security Administration] they are ready to comply with the enhanced security measures,” a DHS spokesman told CNN on Tuesday.
“TSA is scheduled to visit Turkish Airways and Emirates Airline [on July 5] to verify the measures have been implemented correctly and to the full extent required.”
Turkish Airlines CEO Bilal Eksi confirmed on Twitter that he expected the ban to be lifted Wednesday.
stock valuation: Tofutti Brands Inc.(TOF)
Advisors’ Opinion:
- [By Peter Graham]
A long term performance chart for Dean Foods Co shows a positive but not spectacular long term return as small cap Lifeway Foods, Inc (NASDAQ: LWAY) has been more volatile and non-dairy desert stock Tofutti Brands Inc (NYSEMKT: TOF) has given a moderately positive performance:
- [By Peter Graham]
A long term performance chart for Dean Foods Co shows a decent long term return as small caps Lifeway Foods, Inc (NASDAQ: LWAY) and non-dairy desert stock Tofutti Brands Inc (NYSEMKT: TOF) have come up even for investors while mid cap dairy and organics stock WhiteWave Foods Co (NYSE: WWAV) has been an outperformer (Note: Wehad WhiteWave Foods Coin our SmallCap Network Elite Opportunity (SCN EO) portfolio back in October 2014 when our SCN EO newslettersaid that the stock could be an excellent acquisition candidate for a competing mega cap food producer to acquire):
stock valuation: Constellation Brands Inc(STZ)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Is it time to crown a new king of beers? After speaking with Constellation Brands (STZ) CEO on Thursday night’s show, Cramer said it was time to take a fresh look at the beer sector to see if a reshuffling is in order.
- [By WWW.THESTREET.COM]
Then on Thursday, Constellation Brands (STZ) reports, and as we learned yesterday, this is Cramer’s favorite liquor stock. Also on Thursday, earnings from Nike (NKE) , a battleground Cramer said he’s steering clear of, and Micron Technology (MU) , which will likely fall no matter how good its quarter.
- [By WWW.THESTREET.COM]
In his second “Executive Decision” segment, Cramer also checked in with Rob Sands, president and CEO of Constellation Brands (STZ) , the wine and spirits maker that just posted a 24-cents-a-share earnings beat on inline revenues, but saw shares fall 7% on fears Donald Trump may impose an import tax on the company’s products, notably Corona, which hails from Mexico.
- [By Ben Levisohn]
As the stock market has rallied sinceDonald Trump’s election in November, Constellation Brands (STZ) has basically sat it out, weighed down by concerns that a new tax plan would hurt the multinational alcoholic beverage company’s profits.
- [By Craig Jones]
Najarian also noticed big upside call options buying in Constellation Brands, Inc. (NYSE: STZ). Around 5,000 contracts of the January 240 calls were traded and he decided to follow the trade. He added that he also likes Wal-Mart Stores Inc (NYSE: WMT) for upside calls buying.
stock valuation: World Energy Solutions Inc(DE)
Advisors’ Opinion:
- [By Ben Levisohn]
In my Trader column on Dec.3, I argued for more upside in Deere (DE), despite the fact that it had gained more than 30% on the year. Part of the argument was technical–Deere had finally broken out of a trading range that had been in place for five years–but I also noted that the agricultural equipment maker had been able to grow earnings despite continued sluggish demand for farm equipment. Today, Baird’s Mircea Dobre and Joseph Grabowski make a similar argument as they name Deere an Idea for 2017:
Getty Images
Deere has upside even after a strong 4Q16 where the real surprise was strong Ag margin rather than confirmation that a turn in the Ag cycle is imminent. This is where the opportunity lies: as investors find additional evidence supporting a 2017 North American ag bottom the multiple can continue expanding towards the historical peak of 25x baked in our target. For perspective, Caterpillar (CAT) is trading >30x on the premise of a bottom in several cyclical end markets (mining, infrastructure, oil & gas).
Shares of Deere have ticked up 0.1% to $103.49 at 1:29 p.m. today, while Caterpillar has advanced 0.1% to $93.28. The Industrial Select Sector SPDR ETF (XLI) is up 0.1% at $62.50.
- [By Casey Wilson]
Since farming is such an equipment-intense activity, investors can profit by making investments in the agricultural equipment manufacturers, like Deere & Co. (NYSE: DE), the company behind the iconic John Deere brand.
- [By SEEKINGALPHA.COM]
Sometimes companies can change their stripes. That may the case for Deere (DE).
The company had faced a weak market due to declining agriculture sales and a strong dollar. “It was difficult to get enthusiastic about Deere,” Cramer said.
- [By Casey Wilson]
We’re talking about John Deere, or Deere & Co. (NYSE: DE).
“It’s not a bad time to produce the equipment used to ‘Rebuild America.’ The momentum is very strong here,” said Money Morning Quantitative Specialist Chris Johnson – an expert in identifying overlooked (and undervalued) stocks.
- [By Lisa Levin]
Deere & Company (NYSE: DE) reported better-than-expected results for its fourth quarter on Wednesday.
Deere reported Q4 earnings of $1.57 per share on revenue of $8.018 billion. However, analysts were expecting a profit of $1.47 per share on sales of $7.05 billion.
stock valuation: Mammoth Energy Services, Inc. (TUSK)
Advisors’ Opinion:
- [By Jack Delaney]
Mammoth Energy Services (Nasdaq: TUSK) provides drilling and related services for North American gas and oil explorers.
Even though Mammoth was just founded in 2014, it had $243 million in revenue between June 30, 2015, and June 30, 2016.
stock valuation: WEX Inc.(WEX)
Advisors’ Opinion:
- [By Benzinga News Desk]
Carl Icahn has big plans for the US auto-parts sector — and big retailers like AutoZone (NYSE: AZO), O’Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP) aren’t going to like them: Link
ECONOMIC DATA
USA Unit Labor Costs (QoQ) for Q1 2.20% vs 2.50% consensus estimate. Nonfarm Productivity (QoQ) for Q1 0.00% vs -0.20% consensus estimate.
US Services Purchasing Managers' Index for May is schedule for release at 9:45 a.m. ET.
Data on factory orders for April will be released at 10:00 a.m. ET.
The ISM non-manufacturing index for May is schedule for release at 10:00 a.m. ET.
The labor market conditions index for May will be released at 10:00 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for May is schedule for release at 12:30 p.m. ET.
ANALYST RATINGS
HSBC upgraded Chevron (NYSE: CVX) from Hold to Buy
Susquehanna upgraded Skechers (NYSE: SKX) from Neutral to Positive
Deutsche Bank upgraded WEX (NYSE: WEX) from Hold to Buy
Pacific Crest downgraded Apple from Overweight to Sector Weight
RBC downgraded Perrigo (NYSE: PRGO) from Sector Perform to Underperform
Wedbush downgraded Endocyte (NASDAQ: ECYT) from Outperform to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.
stock valuation: ENI S.p.A.(E)
Advisors’ Opinion:
- [By Dustin Parrett]
Specifically, the oil supermajors are ExxonMobil Corp. (NYSE: XOM), BP Plc. (NYSE: BP), Chevron Corp. (NYSE: CVX), Royal Dutch Shell Plc. (NYSE ADR: RDS.A), Conoco Phillips (NYSE: COP), Eni SpA (NYSE ADR: E), and Total SA (NYSE ADR: TOT).
- [By Dustin Parrett]
Big Oil stocks are the seven “oil supermajors” that do everything from oil drilling to refining to retail sales. This is a list of the Big Oil companies:
Big Oil CompanyShare PriceYTDMarket CapExxon Mobil Corp. (NYSE: XOM)$83.44-7.58%$353.13BChevron Co. (NYSE: CVX)$113.56-3.5%$217.62BConocoPhillips Co. (NYSE: COP)$48.21-3.78%$61.42BRoyal Dutch Shell Plc. (NYSE ADR: RDS.A)$52.35-3.82%$221.08BBP Plc. (NYSE ADR: BP)$34.12-8.71%$112.69BTotal SA (NYSE: TOT)$50.26-1.35%$124.6BEni SpA (NYSE: E)$31.51-2.3%$58.69B
Despite being huge global oil companies, shares of Big Oil stocks are all in the red this year. Those losses have all happened even as the Dow is smashing record highs and trading up 6.4% year to date.
- [By Paul Ausick]
Reuters reported last week that the company is considering selling its 2,500 service stations in Italy for a tidy 500 million (about $538 million). The rumored buyer is private equity giant Apollo Global Management LLC (NYSE: APO), also rumored to be interested in buying 2,600 Italian service stations from a joint venture between Italy’s Eni SpA (NYSE: E) and Total SA (NYSE: TOT).
